I have been paying several hundred per month to storage, and keeping up with the payments. However, they are getting harder and harder to make, and I am not sure I am going to be able to keep up.
When looking into BK, I asked one of the attorneys I was consulting with about whether storage payments are the same as 'unsecured creditor', and was told they are more like a 'service agreement'. My concern was whether paying the storage and not my creditors (in the 90 days prior to my filing..in an amount over $600) would be seen as preferential. I was left with the impression that as long as I was current on payments, this would not be an issue, but if I defaulted on the payments, this 'might' be seen as preferential.
Anyone care to comment? If I can't make the payment next month (which would be shortly after I filed) what happens then? i would rather not default, but I may not have a choice.
When looking into BK, I asked one of the attorneys I was consulting with about whether storage payments are the same as 'unsecured creditor', and was told they are more like a 'service agreement'. My concern was whether paying the storage and not my creditors (in the 90 days prior to my filing..in an amount over $600) would be seen as preferential. I was left with the impression that as long as I was current on payments, this would not be an issue, but if I defaulted on the payments, this 'might' be seen as preferential.
Anyone care to comment? If I can't make the payment next month (which would be shortly after I filed) what happens then? i would rather not default, but I may not have a choice.
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